Some countries believe that democracy and free-market economics go hand. This is referred to widely as:

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The belief that democracy and free-market economics go hand in hand is commonly referred to as the Washington consensus. It is named this way because it was a dominant economic philosophy in the US and other developed countries in the 1980s and 1990s, when institutions such as the International Monetary Fund and the World Bank were advocating for economic liberalization policies in developing countries. The Washington consensus includes principles such as fiscal discipline, privatization, deregulation, and trade liberalization, which are seen as crucial for economic growth and development.

Some Countries Believe That Democracy and Free-Market Economics Go Hand